Finance

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Interest in Cryptocurrency Derivatives Drives CFD Marketplace’s Revenues up 284%

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Derivatives trading platform provider Plus500 posted a 284% increase in revenues in the first quarter of this year compared to the previous year, largely due to high levels of interest in its cryptocurrency CFDs offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Triple Digit Rise On Tuesday, contracts for difference (CFDs) market provider … Read more

Japanese Forex Giant GMO to Launch New UK Crypto Trading App

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Japanese brokers already dominate the global online retail FX and CFD market by trading volumes. And it now looks like they will try to leverage their country’s receptive regulatory environment to expand internationally with crypto too. The latest example is an app in the UK created by two groups headquartered in Tokyo. Also Read: Bitcoin … Read more

Venezuela Certifies 16 Cryptocurrency Exchanges

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The president of Venezuela, Nicolas Maduro, has announced the end of the pre-sale for the Petro, the country’s “cryptocurrency”. He claims it has raised the equivalent of over 3 billion dollars. Maduro has also certified 16 crypto exchanges he hopes will start listing his country’s new currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

Billionaire Investor and Former ‘Shark’ Kevin Harrington Is Bringing Pitches to the Blockchain

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There’s a lot that goes into preparing a pitch to an investor, whether it’s the ‘sharks’ on Shark Tank or the ‘dragons’ on Dragons’ Den. You have to worry about scheduling travel arrangements, hotel reservations, venue locations, meals, and of course, the actual pitch. But that’s outdated, inefficient, and burdensome. It’s time the entrepreneurial space evolved, … Read more

Chilean Minister Supports Cryptocurrencies After Court Sided With Exchanges Against Banks

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The Chilean Minister of Economy has voiced his support for cryptocurrencies after the country’s anti-monopoly court ordered major banks to re-open the accounts of crypto operators. Three banks out of the 10 sued by local cryptocurrency exchange Buda have been ordered to re-open crypto exchange accounts. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

20% of Financial Institutions Examining Starting Cryptocurrency Trading Soon

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The cryptocurrency trading market is about to receive an influx of more big banks, hedge funds and other financial institutions within the next few months to a year. A new survey shows that while most are keeping quiet in public about their crypto plans, many are preparing to enter the field. Also Read: Barclays Testing … Read more

Canadian Regulator Refutes Claims That CIBC Upsold Customers

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In the financial world, there is a lot taking place which should not be happening. Although that sounds rather controversial, a recent statement by a financial adviser for the Canadian Imperial Bank of Commerce certainly indicates that some things have taken place which are not necessarily right. For some reason, a federal investigation failed to turn up … Read more